Analog Devices Inc., Elliott Wave Technical Analysis

Analog Devices Inc.,  (ADI:NASDAQ): 4H Chart, 31 October 23

ADI Stock Market Analysis: We have been looking for a wave (2) to take place and we seem to be in the final stages of the correction. We seem to have had a complex correction as we continued to move in three wave structures.  

ADI Elliott Wave Count: Wave Y of (C).

ADI Technical Indicators: Below all averages.  

ADI Trading Strategy: Looking for longs into wave 1 of (1).

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Analog Devices Inc., ADI: 1-hour Chart, 31 October 23

Analog Devices Inc., Elliott Wave Technical Analysis
ADI Stock Market Analysis: Looking for more downside into wave {c} of Y as we have found resistance on the 61.8% of Y vs. W.

ADI Elliott Wave count: Wave (v) of {c}.

ADI Technical Indicators: Below all averages.

ADI Trading Strategy: Looking for shorts into wave (v) toward equality of Y and W.

(Click on image to enlarge) 

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